Japanese rates plunge, yen firms as tech-led global selloff hits Tokyo

Japanese government bond yields fell 12-14 basis points across the curve on Friday, while the yen strengthened, as a global tech-driven equity rout deepened. The Tokyo Stock Exchange dropped over 6% following heavy losses on US exchanges, signaling a risk-off shift in Asian markets. The move suggests investors are pricing in safe-haven flows into yen and JGBs amid fears of a tech bubble deflation.

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